
Applied Optoelectronics (NASDAQ:AAOI) Sees Strong Trading Volume Following Analyst Upgrade

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Applied Optoelectronics (NASDAQ:AAOI) experienced a significant increase in trading volume after B. Riley raised its price target from $13.00 to $15.00, maintaining a neutral rating. On Friday, 9,250,403 shares were traded, a 113% increase from the previous session. The stock last traded at $21.39, down from a previous close of $22.33. Analysts have mixed ratings, with four holding and four buying. Insider trading activity includes CFO selling shares and CEO purchasing shares. Institutional investors own 61.72% of the stock, which has a market cap of $1.22 billion.
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